Monthly Archives: February 2024
Powell insists the Fed will move carefully on rate cuts, with probably fewer than the market expects
(CNBC) Federal Reserve Chair Jerome Powell vowed in an interview aired Sunday that the central bank will proceed carefully with interest rate cuts this year and likely will move at a considerably slower pace than the market expects. In a […]
Meta’s Zuckerberg sees $28 billion windfall after shares rocket
(CNBC) Meta CEO and co-founder Mark Zuckerberg has 28 billion reasons to celebrate the company’s gangbuster quarter. As of Friday’s close, Zuckerberg is the richest he has ever been, thanks to a 22% surge in Meta stock that has left […]
Hedge funds leveraging Gen AI, says AIMA survey
(Hedgeweek) Hedge funds are embracing generative AI with 86% of managers now granting their staff access to various tools to bolster their work, according to a new survey by the Alternative Investment Management Association (AIMA). To read this article:
Man Group drops GLG brand as part of credit markets push
(Hedgeweek) Man Group is ditching its GLG brand in the first big change since new CEO Robyn Grew took the helm at the world’s largest listed hedge fund last September, as the firm moves into credit markets, according to a […]
Activist Elliott secures Etsy board seat
(Hedgeweek) Activist hedge fund Elliott Investment Management has secured a board seat at online retail platform Etsy with Portfolio Manager Marc Steinberg having been appointed as a Director with effect from 5 February, according to a report by Reuters. To […]
Point72 and Capstone make Milan move
(Hedgeweek) Steve Cohen’s Point72 Asset Management and Capstone Investment Advisors, the volatility arbitrage hedge fund firm founded by Paul Britton, have both expanded their European operations by opening offices in Milan, according to a report by Bloomberg. To read this […]
S&P 500 futures gain after Meta, Amazon results as jobs report looms: Live updates
(CNBC) S&P 500 futures rose on Friday morning as a trio of megacap tech titans reported results and investors looked ahead to the January jobs report. Futures tied to the broader market index rose about 0.5%, while Nasdaq 100 futures […]
Meta shares jump 14% after profit triples and company announces first-ever dividend.
(CNBC) Revenue jumped 25% in the quarter from $32.2 billion a year earlier, the fastest rate of growth for any period since mid-2021, as the online ad market continued to rebound. Meanwhile, the company’s expenses decreased 8% year over year […]
Equity strategies lead double-digit 2023 hedge fund gains
(Hedgeweek) Hedge funds achieved double-digit returns in 2023, led by equity strategies with a weighted average return of 21.91%, according to research from asset servicer Citco, which has over $1.8tn in assets under administration (AUA). To read this article:
AMD bets on AI-powered PCs as artificial intelligence race with Nvidia, Intel heats up
(CNBC) U.S. chip giant Advanced Micro Devices is betting on AI PCs to take on rivals including Nvidia and Intel as the AI race heats up. ?[The market for] AI PCs is going to continue to expand,” said Victor Peng, […]
US hedge fund North Rock opens Singapore office
(Hedgeweek) US hedge fund North Rock Capital is expanding its Asia footprint with the opening of a new office in Singapore. The move comes a year after North Rock established its first Asia office in Hong Kong, according to a […]
ESMA monitoring hedge funds with 2,000% leverage
(Hedgeweek) A group of hedge funds with exposure to mortgage bonds and average gross leverage in excess of 2,000% has attracted the attention of the European Securities and Markets Authority (ESMA) over concerns of potential market risk, according to a […]